Tuesday, January 15, 2013

India to inch closer to China in growth rate: World Bank

India to inch closer to China in growth rate: World Bank

India to inch closer to China in growth rate: World Bank

Posted: 15 Jan 2013 09:08 PM PST

India's growth is expected to inch closer to that of China in near future, a top World Bank economist said here on Tuesday.

World Bank cuts growth outlook

Posted: 15 Jan 2013 08:41 PM PST

A frustratingly slow economic recovery in developed nations is holding back the global economy, the World Bank said on Tuesday, as it sharply cut its outlook for world growth in 2013.

Japanese airlines ground all Boeing Dreamliners

Posted: 15 Jan 2013 08:34 PM PST

Japan's two leading airlines grounded their fleets of Boeing 787s on Wednesday after one of the Dreamliner passenger jets made an emergency landing.

Rupee down 18 paise against dollar

Posted: 15 Jan 2013 08:24 PM PST

The rupee on Wednesday lost 18 paise to 54.79 against the US dollar in early trade on the Interbank Foreign Exchange due to appreciation of the American currency against the euro overseas and a weak opening in the domestic equity market.

Sensex down 18 points in early trade

Posted: 15 Jan 2013 08:21 PM PST

Snapping a two-day rising trend, the BSE benchmark Sensex fell by over 18 points in early trade on Wednesday as funds and retail investors booked profits amid a weak trend in the Asian region.

India reviewing Dreamliner safety: DGCA

Posted: 15 Jan 2013 07:24 PM PST

India is reviewing the safety situation of Boeing Co Dreamliners and will also talk to component makers of the US aircraft but there are no plans to ground the planes, the aviation regulator said on Wednesday.

Japanese airlines ground all Boeing Dreamliners

Posted: 15 Jan 2013 07:04 PM PST

Japan's two biggest airlines on Wednesday grounded all their Dreamliners in the most serious blow yet to Boeing's troubled next-generation model after an ANA flight was forced into an emergency landing.

Investors gain Rs 26k cr from day’s rally

Posted: 15 Jan 2013 02:47 PM PST

The market opened with the sensex at 20,000, slipped a tad below that level due to profit taking and then again galloped in late session as FMCG major ITC rallied ahead of its results, and closed at 19,987, up 80 points.

Maruti, Hyundai to raise prices

Posted: 15 Jan 2013 02:41 PM PST

Car companies are finally ready to bite the bullet as they will increase prices from this month to factor in higher manufacturing costs. Market leader Maruti Suzuki said it will increase prices of its models by up to Rs 20,000.

Sanjay Kapoor, Bharti’s India & South Asia CEO, quits

Posted: 15 Jan 2013 02:38 PM PST

In a surprise move, Bharti Airtel, the country's largest mobile operator, announced the exit of Sanjay Kapoor, its CEO for India and South Asia, after a 15-year stint with the company. Gopal Vittal, who rejoined Airtel last April as group director, special projects, has been appointed the CEO for India operations and will report to Sunil Bharti Mittal, Bharti Airtel's chairman & managing director.

MF investors back in the game

Posted: 15 Jan 2013 02:37 PM PST

Retail mutual fund investors in India are on a redemption spree, and the speed with which they are taking money off the table has accelerated over the last six months, when the market started moving up because of the reforms announced by finance minister P Chidambaram.

Japanese giant Uniqlo set to partner Arvind in India JV

Posted: 15 Jan 2013 02:35 PM PST

The $10-billion Japanese fashion retailer Uniqlo is set to partner Arvind to build a $1-billion business in India by the end of the current decade.

Qatar Airways says not interested in India's SpiceJet

Posted: 15 Jan 2013 05:24 AM PST

Qatar Airways is not interested in buying a stake in budget carrier SpiceJet Ltd or any other Indian airline, the Gulf carrier's chief executive said on Tuesday.

Centre clears FDI worth Rs 1,287 crore

Posted: 15 Jan 2013 05:08 AM PST

The government on Tuesday cleared four FDI proposals totalling about Rs 1,287 crore, but Swedish furniture major IKEA's proposal for setting up cafeterias in retail outlets was not taken up for consideration.

Fitch warns it might downgrade US rating over debt

Posted: 15 Jan 2013 04:45 AM PST

Fitch ratings agency issued a strong warning to the United States on Tuesday saying that its top "AAA" credit rating was at stake.

US dollar ends dearer against rupee

Posted: 15 Jan 2013 04:35 AM PST

The US dollar ended dearer against the rupee at 54.61/62 per dollar and the Pound Sterling turned slightly lower at Rs 87.70/72 per pound at the close of the Interbank Foreign Exchange Market (Forex) today.

Tata Motors global sales fall 14% in December

Posted: 15 Jan 2013 04:06 AM PST

Tata Motors on Tuesday said its global sales decreased 13.88 per cent in December 2012 to 98,968 units over the same period in the previous year.

Sensex closes just short of 20,000

Posted: 15 Jan 2013 02:59 AM PST

After breaching the 20,000-mark twice during trading, the BSE benchmark Sensex today finally closed at a tad lower at 19,986.82.

Gold down by Rs 25, silver gains Rs 550

Posted: 15 Jan 2013 01:04 AM PST

Extending losses for the second straight session, gold prices on Tuesday declined by Rs 25 to Rs 31,005 per 10 grams on subdued demand.

Remarkable transformation in India, China: Bernanke

Posted: 14 Jan 2013 09:29 PM PST

Emerging markets like India and China are witnessing a remarkable transformation, despite a slowdown in economic growth, lifting millions of people out of poverty, Bernanke said.

Rupee up by 15 paise

Posted: 14 Jan 2013 08:57 PM PST

The rupee today strengthened by 15 paise to 54.34 against the dollar in early trade at the Interbank Foreign Exchange, on selling of the US currency by exporters and banks and strong capital inflows.
Posted by Harshad at 9:37 PM

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